U-Haul Holding Company (NYSE: UHAL, UHAL.B) generates a steady flow of news through its U-Haul moving and storage operations, insurance subsidiaries and real estate activities. As parent to U-Haul International, Oxford Life Insurance Company, Repwest Insurance Company and Amerco Real Estate Company, it issues updates that touch on transportation, self-storage, insurance and capital markets topics.
News about U-Haul often highlights its role as the No. 1 choice of do-it-yourself movers, its large fleet of trucks, trailers and towing devices, and its extensive network of more than 24,000 rental locations across all 50 states and 10 Canadian provinces. Releases also describe the company’s position as the third largest self-storage operator in North America, with over a million rentable storage units and tens of millions of square feet of storage space at owned and managed facilities.
Investors and observers can expect coverage of quarterly financial results, dividend declarations on the Series N Non-Voting Common Stock (UHAL.B), participation in investor forums, and operating metrics for the moving and storage segment. The company also issues frequent announcements about its U-Haul Growth Index, ranking states, metros and cities by net gains of one-way customers, which it presents as a gauge of migration trends.
Another recurring news theme is U-Haul’s disaster relief efforts, where it offers 30 days of free self-storage and U-Box container usage to communities affected by floods and other natural events. Updates on new repair shops, facility openings or changes, and community programs also appear. This news page brings these developments together so readers can follow how U-Haul Holding Company and its UHAL.B share class are evolving across moving, storage, insurance and real estate activities.
U-Haul has acquired the former Southern Illinoisan newspaper building in Carbondale, transforming it into a self-storage facility. The acquisition, completed on January 29, 2021, involves a 48,106-square-foot structure on 3.25 acres. Approximately 400 climate-controlled storage rooms with advanced security features will be available post-renovation, slated for spring 2021 completion. U-Haul's initiative aligns with its sustainability goals, reusing existing buildings to lower carbon footprints and serve community needs.
U-Haul is transforming a former metal scrapyard at 7300 E. Adobe Drive in Scottsdale into a retail and self-storage facility. Acquired on Nov. 25, the site will offer truck and trailer sharing, U-Box® containers, and a retail showroom with moving supplies. The expansion is in response to North Scottsdale's growing population, which is driving demand for self-storage. U-Haul plans to hire 20 local team members. The company emphasizes safety protocols during the COVID-19 pandemic.
U-Haul is providing 30 days of free self-storage to residents affected by the recent tornado and severe storms in central Alabama. This initiative aims to assist individuals in Fultondale and surrounding areas as they begin recovery efforts. U-Haul locations will serve as a secure place to store belongings during this challenging time. The company's president, Scott Fall, emphasized the importance of community support. U-Haul is also recognized as an official American Red Cross Disaster Responder, reinforcing its commitment to aiding communities in need.
AMERCO (Nasdaq: UHAL), the parent company of U-Haul, plans to announce its third quarter fiscal 2021 financial results after market close on February 3, 2021. An investor conference call will take place on February 4, 2021, at 8 a.m. Arizona Time (10 a.m. ET). This call may include forward-looking statements and will be archived for one year on the company’s website.
U-Haul has announced that North Port, Florida, is the top growth city in the U.S. for 2020 based on migration trends. The area experienced a 40% increase in one-way U-Haul truck arrivals compared to 2019, representing 62.3% of local traffic. Kissimmee and Port St. Lucie also ranked highly, reflecting Florida's strong moving trends. U-Haul's data, derived from over 2 million one-way truck transactions, highlights the appeal of these cities amid the pandemic. The report underscores the growth potential in regions like North Port, supported by economic factors and lifestyle amenities.
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The COVID-19 pandemic has spurred a significant out-migration from densely populated areas like New York City and the San Francisco Bay Area, according to a U-Haul report. In 2020, U-Haul data showed a marked increase in one-way truck rentals, especially from March to June, indicating urban residents relocating to less crowded areas. For instance, 58% of U-Haul traffic from San Francisco were departures, and New York City saw a 35% decrease in truck arrivals. Popular destinations included Bridgeport and Chicago. Overall, self-moves surged post-lockdown, reflecting a rebound in the moving industry.
U-Haul has been named a finalist for two categories in the S&P Global Platts Global Energy Awards, recognizing its corporate sustainability program and expanding green initiatives. This marks the fifth and sixth times U-Haul has received such honors since 2011, out of 300 nominations from over three dozen countries. The company was nominated for the Corporate Social Responsibility Award and the Sustained Excellence–Green Initiative Award.
U-Haul emphasizes its commitment to sustainability through energy-efficient programs and eco-friendly products, maintaining a focus on reducing its environmental impact.
AMERCO (Nasdaq: UHAL) announced a special cash dividend of $2.00 per share on December 9, 2020. The dividend will be paid on December 30, 2020 to shareholders on record as of December 21, 2020. This announcement reflects AMERCO's commitment to returning value to its investors. As the parent company of U-Haul and other subsidiaries, AMERCO continues to lead in the rental and moving industry, with a focus on customer satisfaction and environmental responsibility.
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